[Starboard]

Owning a new yacht is a great experience and the fun of owning it shouldn’t be diminished by the difficulty of paying for it. Many people have found that by placing their new yacht in charter they can enjoy the thrill of yacht ownership while using the charter income and tax benefits to significantly reduce the cost of ownership.

See more here: http://www.cruisingyachts.net/charter_ownership_1.htm

[Eric in the Ozarks]

What’s the weekly rate on Lerch’s new boat ?

[Leisler]

Boat hull, superstructure made in China( ? ). Check.
Finished in New Zealand( maybe ). Check.
Bought by the trust fund ‘investment’. Maybe. Check.
No Sales Tax. Check.
No yearly local tax. Check.
Expenses, crew, fuel, dock, maintenance ALL dumped in ‘Charter Account’. Check. ( Not like you little personal car owners who only get a bit taken off. Suckers ).
Use the boat, fuel, crew, food, booze, dockage for personal fun. Check.
Take losses and apply to earnings, thus lower taxes. Check.